Report: Nigeria’s PMI Slips To 54.2 In April

After rising for the fourth consecutive month to 54.3 in March, Nigeria’s Purchasing Managers’ Index (PMI), edged lower to 54.2 in April 2025, Stanbic IBTC Bank’s latest Nigeria PMI report has said.

According to a press release, with a reading above 50 still indicating growth, headline PMI for April “pointed to a solid monthly improvement in business conditions.”

The statement said: “The start of the second quarter of 2025 saw a further improvement in business conditions among Nigerian companies amid strengthening customer demand and growth of output.

Read more at Newtelegraphng

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